European alternatives to Visa and Mastercard ‘urgently’ needed, says banking chief

US payment processing companies account for about two-thirds of card transactions in Eurozone

(https://archive.ph/Oqs7X)

https://www.ft.com/content/fcc215bb-b7b8-4a62-87ed-03f603eb3d14

@eunews They had decades to come up with something.
But money is precious and no bank wanted to rush forward because there was no urge to do so.
The second mark they missed was the discontinuation of Maestro.
Now they're crying.
Neither the banks nor the EU did anything regarding that topic.
All those complaining right now should be fired because they were part of the situation we're in right now.

@Brokar @eunews
I would settle for one of those Taiwanese railway RFID prepaid charge-card widgets. KISS!

https://hackaday.com/2026/01/28/the-fancy-payment-cards-of-taiwan/

#banking #sovereignty #paymentProcessors #europe

The Fancy Payment Cards Of Taiwan

If you’re an old-schooler, you might still go to the local bar and pay for a beer with cash. You could even try and pay with a cheque, though the pen-and-paper method has mostly fallen out of…

Hackaday

@doboprobodyne

Or a QR code payment system like those popular in Asia. There is a proposal to make it a standard there:
https://en.wikipedia.org/wiki/ASEAN_Integrated_QR_Code_Payment_System

@Brokar @eunews

ASEAN Integrated QR Code Payment System - Wikipedia

@older @doboprobodyne @eunews

QR codes in general are fine but fraud is also much more likely with QR codes. So i personally am not a fan related to financials and payments.

Apart from that, regarding the fact that some of the payment systems are in service for almost a decade, you can see how deep Brussels sleeps. This whole topic wasn't even remotely on the agenda until Trump cancelled our friendship.

https://consumer.ftc.gov/consumer-alerts/2023/12/scammers-hide-harmful-links-qr-codes-steal-your-information

https://www.yahoo.com/news/electric-car-owners-being-targeted-111433451.html

Scammers hide harmful links in QR codes to steal your information

QR codes seem to be everywhere. You may have scanned one to see the menu at a restaurant or pay for public parking. And you may have used one on your phone to get into a concert or sporting event, or to board a flight. There are countless other ways to use them, which explains their popularity. Unfortunately, scammers hide harmful links in QR codes to steal personal information. Here’s what to know.

Consumer Advice

@Brokar

I don't think that payment QR codes are vulnerable at all. Definitely not in that way which is described at the link you've provided. It is not just some random URL encoded, and the payer is only going to scan it with bank app which wouldn't even try to open it if there's suddenly URL iswhich appears there.

@doboprobodyne @eunews